Coal news and updates

Generators in dark over coal compo plan as PM negotiates with states

The amount of compensation likely to be paid by taxpayers to coal power plants as a result of price caps remains highly uncertain as generators keep a lid on information on coal costs.

A spokesman for Energy Minister Chris Bowen said rebates would be paid to coal-fired generators “in the very rare circumstances in which reasonable cost of production exceeds $125 a tonne”, the price at which coal sold for electricity production has been capped.